Here at Our Mortgage Options, our aim is to ensure our clients make an informed decision about their home loan. To do this, we perform something called a mortgage simulation.
What is a Mortgage Simulation
After we’ve had our initial consultation,[...]

Almost everyone who takes out a home loan must pay LMI, or Lenders Mortgage Insurance - if you don’t have a deposit of at least 20%. LMI is designed to protect lenders in the event that the borrower defaults on their repayments.
Check out the [...]

When it comes to home loans, do you ever feel like mortgage brokers and lenders speak an entirely different language? Don’t worry – you’re not alone. In fact, many don’t know the difference between home loans and mortgages.
One acronym [...]

"How can I pay off my home loan faster, and own my home sooner?"
This is a question I get asked time and time again. Unfortunately, there’s no secret way to speed up the process, but there are a few changes you can make.
Check out the video [...]

Are you a medical professional? Well, we have good news. Lenders favour you, because data shows people in the medical field are low risk borrowers, and have the lowest default rates. This means home loans for medical professionals are sometimes [...]

According to a recent survey by RP data, sixty per cent of Australians believe that now is the perfect time to buy a house. If you’re with the majority, you’ll first need to begin saving for a home loan deposit.
How Much do you Need to Save?
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Image credit: 401(K) 2012
Although the terms home loan and mortgage are thought of as interchangeable by many, they are, in fact, two separate things.
If you’re planning to buy a property, it’s a good idea to clarify what these terms mean, [...]

Congratulations on your new baby!
Balancing work life and family life can be difficult after the arrival of a new baby, and the last thing you want to worry about are your finances. But, life is unexpected, and if your family is ready to move [...]

Image credit: Ian Muttoo
Selling your home is both exciting and daunting, and there is so much to consider before you list your property on the market.
Here are 3 things we recommend you think about before you sell.
1. The Time of Year
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Regardless of your income, if you are self-employed your loan application will probably look a little different. We understand that no two self-employed people’s situation is the same, so in this article we will look at two general scenarios, which[...]